Tuesday, April 26, 2022

New Global Developments in Strategic Human Resources Management

 



Introductions

 

Today, companies are becoming increasingly aware of the importance of social, ethical, and environmental objectives. In addition to financial gain, organizations are setting new goals, focusing on the individual, ethnic, and eco-friendly performance and development. One of the topics promoted by "green" organizations is Sustainable Human Resource Management (SHRM) (García-Blandón, 2019).

 Human Resource Management (HRM) is concerned with how people work and the management of organizations (Armstrong, 2014). Therefore, human resources could be identified as a vital area in an organization that is dealing with human capital.

 

Strategic Human Resource Management (Strategic HRM or SHRM) is an approach to developing and implementing human resource strategies. Their support in conjunction with business strategies Victory (Armstrong, 2014). The field of Strategic Human Resource Management (SHRM) is remarkably enjoyable Emerging over the past two decades as academic literature and as a hub for management practice. The parallel development of both the research literature and the interest among practical managers is a significant departure from the more common experience managers have. Not knowing or simply not interested in the scholarly developments in our field (Becker, 2006)

 






Development of the Global Strategic Human Resources Management

As expounded by (Juneja, 2022)with the advent of globalization, large or small organizations have stopped being local, they have become global! This has increased the diversity of the workforce and created cultural sensitivities like never before. All of this led to advances in global human resource management.

The nature of work and organizations has changed dramatically over the past two decades; Human resource practice is very low. Recent work on HR strategy on labor force differentiation Closing this gap offers many new exciting opportunities to start, but experts will do so Adjacent domains and analytics levels require more "peeping over" Answer these questions (Huselid, 2011)



Figure 01 - (Saudi ERP & Website Solution Blog, 2015)

 

Strategic Human Resources Management Practices and Organizational Growth

 

As explained by (Awara, 2016) Human Resources (HR) is looking at an extremely good possibility to grow organizational overall performance and grow to be a real strategic partner with the aid of using contributing to the organization and paintings layout demanding situations that permit organizational increase. Human sources are the maximum vital sources for any organization, they are answerable for each selection is taken, everyone each painting carried out, and each result. An indispensable part of human aid management that enables motivating the personnel and enhancing organizational effectiveness and increase is the praise system.

 



Figure 02- (Bohatala, 2021)

 

Advantages of SHRM

It is important to understand that strategic human resource management is completely independent of human resource strategy. The strategic approach is about how human resources work; It is not about the human resource vision. Human resource leaders tend to mix the two approaches, but they are independent. A great company can coincide with both but it is a long journey. Many companies begin with the introduction of a strategic approach to human resources and closely follow the updated human resources strategy (Lukas, 2021).

  • Novel conducts of the Estimation of Possessions and Social Principal Dimension;
  • Tactical HR Preparation;
  • HR Procedures Reform and Objectivity;
  • HR Subcontracting of non-cost-additional procedures;
  • Dependable Administration of Occupations and Services;
  • Social Incomes Expansion in the association;

3 SHRM models from Best Corporations

1.      Google –

Over time, Google has seen an overall improvement in personal management and team parameters such as turnover, satisfaction and performance.

So you go there and work on collecting data from your employees and using it to improve the employee experience. It is no coincidence that Google employees are the most productive people in the world (Bartram, 2020).

 

2.      Cisco –

Cisco calls this a 'one-size-fits-all' employee experience that seems to work. CISCO is number one among the top 100 companies to work for at Fortune and is able to attract top talent to help them achieve their business goals (Bartram, 2020).

 

3.      Hilton Worldwide Holdings –

Anyone staying at the Hilton Hotel is likely to experience the same. Of course, their standards remain the same and require a large and diverse workforce to maintain. Hilton is recognized as one of the best global companies to work with regularly - a bit of a win for a service industry company (Bartram, 2020).

 


References

Armstrong, M., 2014. Armstrong’s Handbook of Human Resource practice. 14 ed. London: Kogan Page Limited.

Awara, N. F., 2016. Strategic human resource management practices and organizational growth: a theoretical perspective. GLOBAL JOURNAL OF SOCIAL SCIENCES, 15(1), pp. 27-37.

Bartram, F., 2020. https://peoplemanagingpeople.com/. [Online]
Available at: https://peoplemanagingpeople.com/articles/strategic-human-resource-management/
[Accessed 26 04 2022].

Bohatala, 2021. https://bohatala.com/. [Online]
Available at: https://bohatala.com/strategic-human-resource-management-models/
[Accessed 26 04 2022].

Becker, B. & Huselid,M.A.., 2006. Strategic Human Resources Management: Where Do We Go From Here?.. Journal of Management, 32(6), pp. 898-925.

García-Blandón, N. C. &. J., 2019. On the importance of sustainable human resource management for the adoption of sustainable development goals. Resources, Conservation and Recycling, Volume 141, pp. 109-122.

Huselid, M.A. & Becker,B.E., 2011. Bridging Micro and Macro Domains: Workforce Differentiation and Strategic Human Resource Management. Journal of Management, 37(2), pp. 421-428.

Juneja, P., 2022. www.managementstudyguide.com. [Online]
Available at: https://www.managementstudyguide.com/crisis-management.htm
[Accessed 15 04 2022].

Lukas, P.,2021. https://hrmhandbook.com/. [Online]
Available at: https://hrmhandbook.com/hrm/shrm/benefits/
[Accessed 26 04 2022].

Saudi ERP & Website Solution Blog, 2015. https://solutiondots.com/. [Online]
Available at: https://solutiondots.com/blog/strategic-human-resource-management/
[Accessed 26 04 2022].

 

 

 

 

 

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6 comments:

  1. Rohitha SamarathungeApril 30, 2022 at 9:42 PM

    Organizations and institutions are increasingly realizing the importance of human competitiveness as essential to organizational survival and success, which has created a new paradigm shift as to the ways in which people should be managed, which has propelled the expansion of Strategic HRM.(Husynski et al 2002) The essence of Strategic HRM is that people are regarded as competitive assets to be led, motivated, and deployed, in ways that contribute directly to the attainment of the firm’s strategic objectives. (Handy et al 1990). The overall purpose of Strategic HRM is to ensure that the organization is able to achieve success through people.(Armstrong; M 2000)Modern-day organizations are in quest of gaining a competitive advantage over their competitors and the belief is emerging that human resources are those strategic assets that can lend an organization added value over its competitors.

    ReplyDelete
  2. Geethal PereraApril 30, 2022 at 9:43 PM

    Human resources can be considered as an important source of competitive advantage in rapid changing business environment. It is a sustainable source through facilitating the development companies that are firm-specific. Strategic human resource management is concerned with creating a link between the overall strategic objectives of the business and human resource strategy and implementation.
    ( ÇALIŞKAN.E.2010)

    ReplyDelete
  3. Kasun WarnapuraMay 1, 2022 at 6:54 AM

    For today’s organization’s to be successful, there are a number of employee involvement concepts that appear to be accepted. These are delegation, participative management, work teams, goal setting, employee training and empowering of employees. HRM has a significant role to play in employee involvement. Recruiting and developing skilled labor is important for any company concerned about competitiveness, productivity, quality and managing a diverse work force effectively.

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  4. maduwanthisilva.blogspot.comMay 2, 2022 at 6:19 PM

    Strategic Human Resource Management provide frame work linking people management and development practices to long term business goals and outcomes. The issues related to people sourcing align with organisational goals is the main task of SHRM. It is integrated with performance management and rewarding system.(CIPD)

    ReplyDelete
  5. Chathura PereraMay 4, 2022 at 9:05 AM

    Work from home (WFH) is one of the emerging trends in Strategic HRM. Due to the COVID 19 pandemic, the popularity of working from home has increased drastically. Because of this, many organizations were able to perform well during the lockdown and curfew times. The importance of WFH is not reduced after the pandemic also due to the benefits like less employee absenteeism, online availability at the required time, and other cost savings.

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  6. Ishari WeerasingheMay 7, 2022 at 12:27 AM

    An organization’s goals Wheelen and Hunger (1995, p. 3) define strategic management as that set of managerial decisions and actions that determines the long-run performance of a corporation ’. Aktouf (1996) takes a similar view when he sees strategy as the maintenance of a ‘vision of the future’ that is constantly updated by data on both the in tern al and the extern al environment.

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